Reuters
Stocks Fall, Tense on CPI and Earnings Tests
Asian stocks fell on Monday after thoughts of a reversal of policy tightening were dashed ahead of higher inflation, which is expected to push core prices higher again as US unemployment fell unexpectedly did. The US Treasury market was also closed on Monday as trading was thin in Asia over the holidays in Japan and South Korea. S&P 500 futures led his early move down 0.4%, while Nasdaq futures dropped him 0.5% before the start of third-quarter earnings later this week.